JPMorgan Chase is in discussions to provide core banking services for the U.S.-led Gaza Board of Peace. The Financial Times reports that the bank would manage financial flows, including humanitarian aid payments.
The proposed arrangement covers billions of dollars in pledged funding for Gaza’s recovery. This framework follows a U.S.-brokered ceasefire designed to govern rebuilding efforts.
Finalizing the deal would place the largest U.S. bank at the center of this international reconstruction project. Neither the White House nor JPMorgan has officially commented on the report.